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Crypto users forced to share account details with tax officials
Rachel ClunBusiness reporter Getty Images People buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January. The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax….
Two charged after collapse of funeral firm Safe Hands
Two people have been charged following the collapse of a pre-paid funeral firm that left tens of thousands of people out of pocket. About 46,000 customers lost thousands of pounds when Safe Hands Plans Ltd collapsed in 2022 and fell into administration. The Serious Fraud Office (SFO) has charged two men – Richard Wells and…
Chancellor blames Brexit deal for long-term damage to economy
Rachel Reeves chose to stress the long-term damage done to the UK economy by the 2020 Brexit deal, in her remarks at a key international economic committee at the International Monetary Fund (IMF). In remarks published this weekend, the chancellor told the world’s leading finance ministers and central bankers: “The UK’s productivity challenge has been…
Christmas toy appeal starts for Hackney and Haringey children
Organisers of a Christmas toy appeal are urging people to donate to the project if they are able to, so they can give gifts to thousands of children living in extreme hardship in north and east London. The Hackney Local Buyers Club is running its 12th annual appeal, but fear donations will drop due to…
